USDCHF is on its way up
USDCHF has experienced an exceptionally large movement higher by 0.91% from 0.907 to 0.915 in the last 10 hours.
GBPUSD approaching important 1.3882 price line
GBPUSD is approaching the support line of a Support. It has touched this line numerous times in the last 4 days. If it tests this line again, it should do so in the next 19 hours.
Big movement expected on USDJPY
USDJPY has broken through a line of 109.8310 and suggests a possible movement to 110.1225 within the next 2 days. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement […]
Should we expect a bullish trend on AUDJPY?
The breakout of AUDJPY through the resistance line of a Channel Down could be a sign of the road ahead. If this breakout persists, we expect the price of AUDJPY to test 81.5012 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting […]
EURCHF approaching support of a Channel Down
EURCHF is approaching the support line of a Channel Down. It has touched this line numerous times in the last 4 days. If it tests this line again, it should do so in the next 2 days.
USDCHF experienced an exceptionally large movement
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 0.53% move on USDCHF. The movement has happened over the last 13 hours. For those trend followers among you, you may think about riding this trend.
Should we expect a breakout or a rebound on USDCNH?
The movement of USDCNH towards the resistance line of a Channel Down is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 12 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
Support line breached by EURUSD
EURUSD has broken through the support line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 1.1821 can be expected within the next 9 hours.
Should we expect a breakout or a rebound on EURGBP?
The movement of EURGBP towards the support line of a Falling Wedge is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 8 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
Will GBPJPY have enough momentum to break support?
GBPJPY is heading towards the support line of a Falling Wedge and could reach this point within the next 9 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]